Do we need to submit documents to the payment gateway company and how long does the formalities take before we can start transacting?
Yes, you will need to submit all documents and paperwork as requested by the payment gateway company. Subsequent to submitting all the required documents and paperwork they normally take anywhere between 2-4 weeks to process and give the clearance to enable start transacting. However this is primarily applicable for Indian payment gateways required by Indian companies. The process is much faster and simpler for International payment gateway companies used by International companies.
